§ 11-152
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/md/transportation/11-152A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–152.
(a)“Salvage” means any vehicle that:
(1)Has been damaged by collision, fire, flood, accident, trespass, or other occurrence to the extent that the cost to repair the vehicle for legal operation on a highway exceeds 75% of the fair market value of the vehicle prior to sustaining the damage, as determined under § 13–506(c)(4) of this article;
(2)Has been acquired by an insurance company as a result of a claim settlement; or
(3)Has been acquired by an automotive dismantler and recycler:
(i)As an abandoned vehicle, as defined under § 25–201 of this article; or
(ii)For rebuilding or for use as parts only.
(b)For purposes of this section, a vehicle has not been acquired by an insurance company if an owner retains possession of the vehicle upon settlement of a claim concerning the vehicle by the insurance company.